Prof. A is about to buy a 2016 BMW 328xi for $50,000 which includes all fees and taxes. He has $18,000 as a down payment and can take out a loan for the rest of the cost from the Credit Union for 2.29% APR for 60 months. What will be Prof. As monthly car loan payment?

Group of answer choices

$564.96

$524.83

$563.88

$570.53

$530.24